Keatng Economics.com is the new website that chronicles John McCain’s involvement with what was previously America’s greatest financial disaster since the Great Depression, The American Savings and Loan Collapse .
John McCain and 4 other U.S. Senators were accused of improperly aiding his political patron, Charles Keating, chairman of the Lincoln Savings and Loan Association. They are known in American History as The Keating 5.
At the heart of the scandal was Keating’s Lincoln Savings and Loan Association, which took advantage of deregulation to make risky investments with its depositors’ money. McCain intervened on behalf of Charles Keating with federal regulators tasked with preventing banking fraud, and championed legislation to delay regulation of the savings and loan industry – actions that allowed Keating to continue his fraud at an incredible cost to taxpayers. (Sound Familiar ? No Really… DOES THIS SOUND FAMILIAR !?! )
The new site chronicles a historic account of the entire collapse of the American Savings and Loan Industry, where a great number of Americans lost millions of dollars and caused America’s Savings and Loans across the country to go completely belly up, leaving American taxpayers holding the bag with the bailout.
Research, Downloads and Videos of the account are available on the new site as well as multiple letters from John McCain to Donald Regan, then the U.S. Secretary of the Treasury, unde rPresident Ronald Regan, and James Baker, The White House Chief of Staff in full support of Charles Keating, even as Americans were losing their life savings.
McCain’s close association and financial support and private jets from lobbyist continued to be questioned and criticized as recently as the 2000 Presidential Primaries by now President George Bush as seen in this video.
Americans effected by the crisis are invited to share stories of how their lives were affected by the scandal.
Voters are also encouraged to check out John McCain’s record and history in the U.S. Congress and Senate on JohnMcCainRecord.com. The interactive search engine provides an easy look up on McCain’s stance, and voting record on the issues that are and have been important to Americans over the years.
John McCain is the only of the Keating 5 ever to receive the Republican Parties Presidential Nomination, and even today, his campaign is presently run, or employs over 30 Washington Lobbyist. in key positions, including some who were the payroll of Freddie Mac, and Fannie May lobbying for increased deregulation of the America’s Mortgage Market. There is a reason that Sarah Palin, and John McCain keep labeling Barack Obama as “Looking into the past, and not the future“….. Because they don’t want you to look !
As Joe Biden said in the recent Vice Presidential Debate, “Past is Prologue”.
Check Out These Links and See for Yourself:
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